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Baosteel: Meet Tough in Second-round Iron Ore Negotiation

By , 2008-03-08 12:00:00

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The administrator of Baosteel expresses on 17th that they will carry on iron ore negotiate with the three largest suppliers of in the world.
 

The time and place of the second-round negotiation are not confirmed, but it is expected to start after Christmas. The administrator also reveals that the negotiation is even tougher than previous years. He compares the supplier as the monopoly, but doesn't mention who is the monopoly. He expresses that they feel huge pressure because the suppliers want a much higher price.

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